Visa Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for Visa (NYSE:V), with 54% of investors opening trades with bearish expectations. The total amount for puts is $715,855 and for calls is $130,580. Whales have been targeting a price range from $210.0 to $280.0 for Visa over the last 3 months. JP Morgan maintains an Overweight rating on Visa with a price target of $296, while Mizuho and Wedbush have downgraded their actions to Neutral and Outperform with price targets of $255 and $270 respectively.
September 12, 2023 | 6:46 pm
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Bearish options activity has been observed for Visa, with a significant amount of money being put into puts. Analysts have mixed views, with JP Morgan maintaining an Overweight rating and a price target of $296, while Mizuho and Wedbush have downgraded their actions.
The bearish options activity indicates that a significant number of investors expect Visa's stock price to decrease. This, combined with the mixed views from analysts, could lead to increased volatility and potential downward pressure on the stock in the short term.
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